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ExxonMobil Chemical's Earnings Soar

7:39 AM MDT | October 28, 2010 | Lindsey Bewley

ExxonMobil Chemical reported third-quarter net income of $1.2 billion, up 40% from the year-ago quarter on stronger margins, which improved earnings by $373 million, ExxonMobil says. Sales volumes were up about 3% from the third-quarter of 2009, to nearly 6.5 million m.t., about 202,000 m.t. higher than the prior year due to improved global demand and start-up of the company's Fujian, China petrochemical complex, ExxonMobil says.“Volume and mix effects increased earnings by $50 million,” says David Rosenthal, v.p./investor relations at...

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